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Steven
Steven is 20 years old and he has three years of experience working in the tailoring business. He strives in the competitive market with his clothing line, which features garments for women, men and children.

His father introduced him to this business at an early age, teaching him little by little the skills of this field, which Steven learned gradually overtime.
In his workshop he performs all the tasks related to the production of apparel: design, preparation and assembling, as well as the final touch ups. Once the clothing pieces are ready, Steven sells them to his clients, who purchase from him either in cash or credit. His customers buy from him every week, and for this reason Steven works shifts of 10 hours every day.

At the moment he is requesting his first Kiva loan through the Foundation Mario Santa Domingo, to buy fabrics, threads, materials and supplies in larger quantities, to design special clothing for the holiday season, since it is now near and it usually brings an increase to his sales.

His entrepreneurial goal is to strengthen his business, specifically by increasing his work production to be able to earn more money.
Steven plans to also improve his skills as a tailor, without losing sight of his academic future, as he is currently attending college to have a professional career.
View original language description ↓
Steven de 20 años, tiene 3 años de experiencia en la tarea de confección. Sus líneas de productos, son la ropa para damas, caballeros e infantil, con la que compite día a día. Su padre lo introdujo en el oficio, desde muy joven, enseñándole poco a poco las operaciones propias de este oficio y así mismo las aprendió de manera gradual. En su negocio se realizan todas las tareas productivas de la confección: diseño, preparación, ensamble y acabado de piezas y una vez está lista la prenda de vestir, Steve la vende de contado y también ofrece crédito a clientes, que le compran con una frecuencia semanal, para lo cual Steven trabaja 10 horas diarias. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará en mayor volumen y de contado telas, hilos, materias primas e insumos, para elaborar prendas ajustadas a la temporada de fin de año, que está muy cerca, en la que usualmente se impactan sus ventas.. Su meta empresarial es lograr el fortalecimiento de su negocio especialmente, aumentando su capital de trabajo, para lograr el incremento de su productividad, y ganar un poco mas de dinero. Steven planea perfeccionarse como sastre sin perder de vista su profesión futura, porque está estudiando en la universidad y su propósito es convertirse en un profesional.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

Tags

About Colombia

  • $11,100
    Average annual income
  • 496
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,879.9
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Steven to buy fabrics, threads, materials and supplies in larger quantities.
96% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015